Its pretty much all over for Greece

I know I’m pretty late on this but when your 1 year bond yield is yielding close to 100% you’re absolutely no chance of raising any debt and the market is declaring your default is nigh. Fiscal austerity for Greece will make zero difference to its chance of gettng past this crisis, but if they can improve their current systems, collect some tax, and create a bit of confidence that they’re heading in the right direction then they will be fine after they are kicked out of the Euro and the Drachma makes a comeback.